Jackson National Life(R) EVP & Chief Distribution Officer Clifford Jack to Deliver Keynote Address at NAVA Operations & Technology Conference.LANSING, Mich. -- Jackson National Life Jackson National Life Insurance is a U.S. life assurance company that is a subsidiary of the UK based insurer, Prudential Plc. Founded in 1961, Jackson is headquartered in Lansing, Michigan, and has over a thousand employees in the region. Insurance Company(R) (Jackson) today announced that Clifford Jack, Executive Vice President and Chief Distribution Officer, will be the keynote speaker at the 2006 Operations & Technology Conference, presented by the National Association for Variable Annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. (NAVA NAVA National Association for the Visual Arts NAVA National Association for Variable Annuities NAVA Navajo National Monument (US National Park Service) NAVA North American Vexillological Association ) in Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] . On Monday, June 5, Mr. Jack will give a presentation entitled, "The Drive Toward Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. : Industry Challenges & Imperatives." "The promise of straight through processing has long been discussed within the variable annuities industry, and while significant progress has been made, there are several hurdles to overcome before the compliance, operating cost and efficiency benefits of straight through processing are realized," said Mr. Jack. "I am excited for the opportunity to discuss these critical business issues at NAVA's Operations & Technology Conference and look forward to participating in a constructive dialogue on the industry's priorities moving forward." In his address, Mr. Jack will provide both the manufacturer and distributor perspectives on the potential impact of STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. , as well as the industry challenges that have prevented the broad implementation of processing standards. Mr. Jack will provide the distributor perspective by virtue of his executive responsibilities at Jackson National Life Distributors, Inc. and National Planning Holdings, Inc.(R), Jackson's independent broker-dealer affiliate. "Industry-wide STP cannot be accomplished without a strong partnership between manufacturers and distributors," continued Mr. Jack. "Furthermore, standards development is just the beginning of a project that must also address issues pertaining to IT security, infrastructure and scale. While the scope of the task is intimidating, STP can ultimately provide significant -- and measurable -- benefits to manufacturers, distributors, financial advisors and consumers." For more information on the NAVA Operations & Technology Conference, please visit www.navanet.org. Reporters interested in speaking with Mr. Jack about straight through processing can contact Andrew Silver, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most director for Jackson, at 303-224-7542 / 303-912-3362 or andrew.silver@jnli.com. About Jackson National Life Insurance Company With nearly $68 billion in assets (GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). )(a), Jackson National Life Insurance Company(R) (Jackson) is an industry leader in the areas of fixed, fixed index and variable annuities. The company markets its products in 49 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). through independent and regional broker-dealers, financial institutions and independent insurance agents. Jackson's subsidiary, Jackson National Life Insurance Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (SM), similarly markets products in the state of New York. Through its affiliates and subsidiaries, Jackson also provides asset management and retail brokerage services. For more information, visit www.jnl.com. (a) As of 12/31/05. Jackson National Life also has more than $60.2 billion (GAAP) in policy liabilities set aside primarily to pay future policyowner benefits. About the National Association for Variable Annuities (NAVA) NAVA is a non-profit trade association located in suburban Washington, D.C. NAVA provides a variety of services to the industry, including educational forums, research and conferences aimed at furthering the development and understanding of fixed and variable annuities, income annuities and variable life insurance. NAVA also maintains and supports an educational website for consumers at www.RetireOnYourTerms.com. |
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